Price Analysis: GBPUSD Expected Scenario The GBPUSD price rallied upwards strongly yesterday to breach 1.2800$ barrier and settle above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, and the way is open to visit 1.2893$ as a next main target. The positive effect of the double bottom pattern supports the continuation of the suggested bullish trend, which gets continuous support by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 1.2700$. Expected Trading Range Between 1.2750$ support and 1.2900$ resistance.

Trend Forecast: Bullish